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The Appalachian Partnership for Economic Growth featured information about eastern Ohio’s natural gas development in its recent newsletter.
“Eastern Ohio’s low-cost natural gas is changing America’s energy picture and attracting new gas-fired electric generating plants to the state,” an article stated.
“The boom is a product of the Utica and Marcellus shale in the tri-state area known as the Appalachian Basin.”
Matt Waldo, senior manager of research with JobsOhio, said, “Ohio’s spot price for natural gas is more than 40 percent lower than the Eastern U.S. average… This fuels our tremendous downstream demand.”
According to information reported from the U.S. Energy Information Administration, Ohio, Pennsylvania and West Virginia have accounted for 85 percent of U.S. shale gas growth. Shale gas represents two-thirds of the U.S. natural gas production.
In addition to pipelines taking natural gas to large population areas, liquefied natural gas is being shipped via tanker to Europe and Asia.